U.S. food firm J.M. Smucker has a deal in place to sell off the Canadian pickle brand Bick’s and a portfolio of condiment brands it makes for the Canadian market. Ohio-based Smucker announced Oct. 17 it will sell the Bick’s brand plus the Habitant pickled beets, Woodman’s horseradish and McLarens pickled onions brands to Illinois […] Read more
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Smucker to shed Bick’s brand
Pickle brand, other Canadian condiments to go to TreeHouse
J.M. Smucker to buy Twinkies maker Hostess in US$5.6 billion deal
'Very surprised (anyone) is paying this amount'
Reuters — J.M. Smucker on Monday agreed to buy Twinkies maker Hostess Brands for US$5.6 billion including debt in a deal that unites two major American snack makers. The deal was worth about $4.6 billion excluding debt, with Jif peanut butter maker Smucker paying Hostess shareholders $34.25 per share (all figures US$). The cash-and-stock offer […] Read more
Cream of Wheat maker to buy Crisco line from Smucker
Shortening, cooking oil brand goes to B+G Foods
The U.S. company behind the Crisco brand of cooking oils and shortenings is selling that product line to the maker of Cream of Wheat cereal and Green Giant vegetables. New Jersey-based B+G Foods announced Monday it will buy the Crisco product lines from Ohio-based J.M. Smucker for about US$550 million (C$725.1 million). The sale includes […] Read more
Richardson to buy Wesson cooking oil brand
A household name in U.S. cooking oils is set to become part of Canadian grain handler and oilseed processor Richardson International. Chicago-based Conagra Brands said Tuesday it will sell its Wesson oil brand and related assets — including a 280,000-square foot U.S. processing plant at Memphis — to Richardson for an undisclosed sum. Wesson-branded retail […] Read more
Smucker seen considering sale for Robin Hood, other baking brands
Reuters — J.M. Smucker is considering a sale of its baking brands, including Pillsbury and Robin Hood, Bloomberg reported on Thursday, citing people familiar with the matter. The unit could fetch as much as US$700 million (C$902.4 million), Bloomberg reported, citing one of the sources. A final decision to pursue a sale has not been […] Read more
Smucker drops bid to buy Wesson Oil after U.S. objects
Washington | Reuters — J.M. Smucker Co. said on Tuesday it will abandon its plan to acquire Conagra Brands’ Wesson Oil brand after the U.S. Federal Trade Commission had moved to block the deal arguing it would likely lessen competition and violate anti-trust law. Mark Smucker, CEO of J.M. Smucker, said “it is not in […] Read more
Moving freight to get more expensive for food companies
Reuters — U.S. food companies called out rising freight costs as a reason for lower profit margins in the holiday quarter, with more pain seen in 2018 as a dearth of drivers and higher diesel prices make it even more expensive to transport products to stores. Hershey, Mondelez International, J.M. Smucker and Campbell Soup said […] Read more
Conagra to sell Wesson oil brand to Smucker
Reuters — Packaged food maker Conagra Brands said on Tuesday it would sell its Wesson cooking oil brand to Folgers coffee maker J.M. Smucker Co. for about US$285 million. Conagra will continue to manufacture products sold under the Wesson brand for up to one year following the close, after which Wesson will be merged into […] Read more
Robin Hood flour pulled in E. coli probe
Federal health officials investigating over two dozen cases of E. coli poisoning across Canada are warning consumers to get rid of a certain batch of Robin Hood flour. The Canadian Food Inspection Agency (CFIA) on Tuesday issued a food recall warning for Robin Hood All-Purpose Flour, Original, distributed in British Columbia, Alberta, Saskatchewan, and Manitoba. […] Read more
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